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The MacDonald Corporation’s purchases from suppliers in a quarter are equal to 70 percent of the...

The MacDonald Corporation’s purchases from suppliers in a quarter are equal to 70 percent of the next quarter’s forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 25 percent of sales, and interest and dividends are $117 per quarter. No capital expenditures are planned. Projected quarterly sales are:
Q1 Q2 Q3 Q4
  Sales $1,590 $1,740 $1,800 $2,040

Sales for the first quarter of the following year are projected at $1,710. Calculate the company’s cash outlays by completing the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

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jeff jeffy answered 1 year ago
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